Duddell Street Acquisition Corp.’s (NASDAQ:DSAC) Lock-Up Period To Expire on June 8th

Duddell Street Acquisition’s (NASDAQ:DSAC) lock-up period will expire on Monday, June 8th. Duddell Street Acquisition had issued 22,500,000 shares in its public offering on December 9th. The total size of the offering was $225,000,000 based on an initial share price of $10.00. After the end of Duddell Street Acquisition’s lock-up period, restrictions preventing major shareholders and company insiders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings assumed coverage on Duddell Street Acquisition in a research note on Tuesday, May 26th. They set a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Duddell Street Acquisition Price Performance

Duddell Street Acquisition stock opened at $9.99 on Monday. The company has a 50-day simple moving average of $9.94. Duddell Street Acquisition has a one year low of $9.90 and a one year high of $10.04.

Duddell Street Acquisition Company Profile

Duddell Street Acquisition Corp. does not have significant operations. It intends to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company was incorporated in 2020 and is based in Central, Hong Kong.